News

Draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 - drop-in session

12th March 2018
Following release on 1 February 2018 of the draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 for engagement (see here for the news article), the Commission will be hosting a drop-in session on 22 March 2018 between 8.30am and 9.30am. Please join us to discuss the draft Law and have a coffee and a croissant.The engagement paper in relation to the amendment to the Protection of...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

9th March 2018
This Notice is issued further to the previous Sanctions Notice issued in relation to the addition of three entries to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that corresponding changes have now been made to the list maintained by the European Union under Council Regulation...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

7th March 2018
Please be advised that the United Nations Security Council has added three entries to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All entities on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en...

Sanctions Notice - Ukraine

7th March 2018
Council Regulation (EU) No 208/2014, as implemented in the Bailiwick by the Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2015, the Ukraine (Restrictive Measures) (Alderney) Ordinance, 2015, and the Ukraine (Restrictive Measures) (Sark) Ordinance, 2015, has been amended by Council Implementing Regulation (EU) No 2018/326.The effect of the amendments, which are automatically effective in the...

Sanctions Notice - Central African Republic

7th March 2018
Council Regulation (EU) 224/2014, as implemented in the Bailiwick by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014, the Central African Republic (Restrictive Measures) (Alderney) Ordinance, 2014 and the Central African Republic (Restrictive Measures) (Sark) Ordinance, 2014, has been amended by Council Implementing Regulation 2018/325.The effect of the amendments...

Sanctions Notice - North Korea

7th March 2018
Council Regulation (EU) No 2017/1509, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2017, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2017, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2017, has been amended by Council Implementing Regulation 2018/324.The effect of the amendments, which are automatically and...

Sanctions Notice - North Korea

27th February 2018
Council Regulation (EU) No 2017/1509, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2017, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2017, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2017, has been amended by Council Regulation 2018/285 and Council Implementing Regulation (EU) No 2018/286.The effect of the...

Virtual currencies, crypto currencies and Initial Coin Offerings ("ICO")

27th February 2018
The Commission has a policy of encouraging innovation through initiatives such as our Innovation Soundbox, which offers a supportive environment where existing or future licensees can come and discuss ideas, innovations or future applications with our authorisations or supervisory experts. Globally, one specific area of innovation within financial services has been the increasing use of virtual...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

26th February 2018
Council Regulation (EU) 2016/1686, as implemented by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended by Council Implementing Regulation (EU) 2018/281.The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018...